The crypto market is set to face new pressures in early April 2026 as a massive release of tokens worth more than $643 million. Hyperliquid became the project with the largest unlock in early April, with around 9.92 million HYPE tokens to be released on April 6 with a value of $375.84 million, equivalent to 2.66% of the circulating supply.
Sui will unlock on April 1 with a total of 42.94 million tokens valued at approximately $36.36 million. The distribution of SUI tokens will be divided among several parties including Series B investors, community reserve, and early contributors. This influx of new supply could affect prices in the short term, especially if demand does not pick up.
Ethena will also release 40.63 million tokens on April 2 with a value of approximately $3.64 million. Although smaller than other projects, this unlock is still relevant for ENA's price movement. The tokens will be fully allocated to the project foundation. This token unlock has the potential to increase supply in the market and trigger price volatility in the cryptocurrency ecosystem.
